1153 Santee Street, Los Angeles, CA 90015 (MLS # 24393039)

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PRICE $8,500,000 dsIDX morgage calculator
SIZE 29,654 sqft
LOT SIZE 8,656 sqft

This is a REO Lender owned multi-tenant retail investment opportunity in the heart of the Fashion District in Downtown Los Angeles at 1153 Santee St on the corner of E 12th St & Santee St, less than a mile from the Los Angeles Convention Center, Crypto.com Arena and LA Live. Built in 1989, the subject property features 29 retail spaces throughout the four-story building as well as two cell towers on the roof; the building is currently 88% occupied and the majority of tenants are on short-term leases, allowing an investor to stabilize the asset immediately. 12 spaces on the first-floor benefit from the high foot traffic in the neighborhood. Functional spaces with the majority between 129-1,609 SF with the exception of the fourth floor that consists of a 7,838 SF office space. Excellent walk score of 85, located a half-mile from the Metrorail lines and steps from the DASH and Metro Local bus lines; easy access to the 10 & 110 Freeways. The Fashion District continues to be the heart of commercein Downtown Los Angeles with local businesses thriving inthe neighborhood; the area has also benefited from expandedresidential development in Downtown LA.

DAYS ON MARKET 69 LAST UPDATED 6/17/2024
YEAR BUILT 1989 COMMUNITY Downtown L.A.
COUNTY Los Angeles STATUS Active
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Jun 17, '24 $9,500,000
Jun 17, '24 - Today $8,500,000


ADDITIONAL DETAILS
AREA Downtown L.A.
BUYER'S BROKERAGE COMPENSATION
HOA DUES 0
LOT 8654 sq ft
ZONING LAM2
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TOTAL MONTHLY PAYMENT

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Listed with Marcus & Millichap

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